Saudi's Arbah offers $66m financing for upmarket London project

Saudi-based Arbah Capital has announced its participation in the £500 million ($666 million) Regent’s Crescent project in prime central London, UK with a shariah compliant mezzanine financing facility of up to £50 million ($66 million).

The development is for 76 high-end residential units facing Regent’s Park in the heart of the UK capital city.

It is the rebuild of an 1800s Grade 1 listed building designed by John Nash, who was the architect of Buckingham Palace. The development is expected to be completed in the first half of 2020, a statement said.